Korea launches $150b US shipbuilding investment alliance

South Korea on Thursday launched a joint financing alliance with its three biggest shipbuilders and major state policy lenders to drive a $150 billion Korea-US shipbuilding investment initiative aimed at expanding Korean companies' presence in the US market.

The Ministry of Trade, Industry and Resources said the Korea-US Strategic Investment Corp., the Export-Import Bank of Korea, Korea Development Bank, Korea Trade Insurance Corp. and Korea Ocean Business Corp. signed an agreement with HD Hyund ...